Market Insight

Update on the South Florida / Fort Lauderdale real estate market.

Trick or Treat?

It’s trick or treat time in the South Florida real estate market.  Not just because we are at the end of October, but we may finally see changes in the market,. Higher mortgage rates may finally be doing some damage and could impact selling prices going forward.  Our first chart shows the average selling price […]

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Have you noticed?

Have you noticed anything different in your neighborhood?  Does it appear as if those for sale signs tend to linger awhile longer than they used to?  How about that slick real estate investor trying to flip the house down the street for a quick profit?  Do you think they have seen a shift in the […]

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Teaser rates

Teaser rates may be a thing of the past and now we will see if the South Florida residential market can hold-up.  Today we will look at the average sale prices of houses and condos in the Greater Fort Lauderdale area.  This chart is through August, before the last pop in mortgage rates hit.  It […]

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Take a bite

At what point will higher mortgage rates take a bite out of residential real estate prices?  By looking at a few charts, you will notice that it may already be happening.  Here is a quick look at the trend in mortgage rates over the past five years.  The 30-year conforming mortgage rate as per Freddie […]

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Cooling process

A cooling process is underway in the South Florida residential real estate market.  Prices are stretched and buyers are finally taking notice.  It has been ten years since the housing bust and some of the same behavior is present in the market today.  Let’s look at a few charts. Condos cooling off? During the month […]

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Watching the charts

We are watching closely as the charts of South Florida real estate may be changing.  Today we will look at the sale prices, transaction volume and foreclosure activity in Miami-Dade, Broward and Palm Beach County Florida.  Just as the speculators are getting excited (again), they may be the bag holders for the second time in […]

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Rolling over

Rolling over is the topic today, as it appears the South Florida housing market may finally be cooling off.  During the month of July we saw prices of houses and condos in the Miami, Fort Lauderdale and Palm beach markets decline.  Our first chart today shows the residential transaction volume across the tri-county area.  The […]

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Leading indicators

Leading indicators show that the housing market may finally be slowing.  It started in California, which usually leads the remainder of the country when it comes to real estate.  As for the latest South Florida numbers, there were some noticeable gains in single-family home prices, and a slight decline in condo prices.   The average sale price […]

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Going vertical

The chart of foreclosure filings in Miami is going vertical.  For the past several years we have seen condo towers going vertical across the city skyline without any concern for poor fundamentals in the residential real estate market.  Ten years after the last housing crash and South Florida appears to have some  issues piling-up once […]

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Late cycle behavior

Late cycle behavior is back in the South Florida residential market.  For the last decade it appeared as if this slow grind higher in prices would not abate.  There is evidence of peaking residential prices in the South Florida market and a reversale might be right around the corner.  today we will highlight some of […]

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